Additional Required Alterations. In the event that, pursuant to the provisions of the Purchase Agreement, the Seller delivers a Hazardous Materials Remediation Notice or a Code Compliance Notice that contemplates deferring the completion of any Hazardous Materials remediation, removal or restoration work or Property Enhancements until after the Closing of the purchase of the Property by Purchaser (as such capitalized terms are defined in the Purchase Agreement), Lessee shall be obligated following the Term Commencement Date to diligently undertake and complete as quickly as practicable, but in any event not later than six (6) months following the Term Commencement Date (subject to extension of such six (6) month period upon approval by Lessor, which approval shall not be unreasonably withheld or delayed), the Hazardous Materials remediation, removal or restoration work referred to in the Hazardous Materials Remediation Notice in compliance with the provisions of this Section 11 and Section 12.3 of this Lease and/or such Property Enhancements referred to in the Code Compliance Notice in compliance with the provisions of this Section 11, and for such purpose, such Hazardous Materials remediation, removal or restoration work.
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Sources: Ground Lease (Morgans Hotel Group Co.), Ground Lease (Morgans Hotel Group Co.)